Supply chain management can be complicated. There will always be factors you can’t control including global events, economic conditions and industry challenges, which can impact your supply chain. To help support your business, it’s worth examining the risks involved along your supply chain and finding ways to streamline your processes. Steve...
Like many businesses in our current environment, you may be expecting a downturn in your turnover for the next financial year. We’ve put together some tips on how to prepare from a tax perspective. From staffing challenges and supplier constraints to customer behaviours and global events, there are many reasons your business might be preparing for...
You’ve probably spent some time working out what to put on the home page of your website, but how much time have you invested in planning what goes into your shopfront display of your bricks and mortar business? Your shopfront will quite often be the first impression you get to make – so make it a great one! You want to encourage people to enter...
If you’re expecting a surge in business in the 2024-25 financial year that will boost your taxable income, now is the time to plan ahead to make sure you meet your obligations and maximise your cashflow. Take a look at your expected taxable income for the current financial year (2023-24) - that’s the assessable income for your business minus any...
Whether your business is surviving, thriving, or just getting off the ground, it is important to know if your business is viable. What does it mean to be a viable business? Viability refers to something working successfully over a sustained period of time. Ensuring your business can survive and overcome obstacles that may arise is an important part...
It’s an unfortunate fact that small business owners are regularly the target of scammers – trying to take their money, business contacts, or business or personal identification details. Scammers often pretend to be from a government agency, like the Australian Taxation Office (ATO), or a well-known company you may have heard of, such as Telstra...
On a national and local front, there are strong signs of economic and business recovery as we head towards the end of a challenging year. Two publications released over the past month report very positive signs of recovery for our small business sector in WA. On a national level, the Small Business Counts report was released by the Australian Small...
While it might seem like a lot to get your head around, running an effective Google Ads campaign could have significant benefits for your business. A successfully run Google Ads campaign has the potential to help increase your traffic and sales. Planning is an important first step in any Google Ads campaign. Before you jump in and start creating...
No manager to answer to, no annoying colleagues and no-one to tell you when you can clock on and off – sounds appealing, right? For many, the benefits of being their own boss far outweigh the challenges, making self-employment an appealing option for many Western Australians. In fact, as of June 2023, there were 150,000 non-employing businesses in...
If your small business employs workers, including contractors or sub-contractors, it’s compulsory for you to have workers’ compensation insurance. Here’s what you need to know to protect your business from hefty fines or other serious consequences. No matter how careful you are, work-related injuries and illnesses can happen. If your business...
The Shire of Augusta Margaret River has recently become the first certified ECO Destination in Western Australia, and has partnered with the Margaret River Chamber of Commerce and Industry to launch a Local-Is-More program to encourage the community to buy locally. The Shire of Augusta-Margaret River joined the SBDC’s Small Business Friendly...
Want to have more flexibility and reduce your operating costs? Here are three reasons to run your business from home
